Dave (NASDAQ:DAVE) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Dave (NASDAQ:DAVE) had its price target upped by investment analysts at B. Riley Financial from $370.00 to $449.00 in a report issued on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the fintech company’s stock. B. Riley Financial’s price target would suggest a potential upside of 41.23% from the company’s current price.

DAVE has been the subject of several other research reports. Benchmark upped their price target on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Barrington Research raised their price objective on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Canaccord Genuity Group lifted their price objective on shares of Dave from $342.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. Freedom Capital raised shares of Dave to a “hold” rating in a report on Thursday, July 30th. Finally, Citizens Jmp increased their target price on shares of Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $412.90.

Dave Trading Down 13.0%

NASDAQ:DAVE opened at $317.93 on Thursday. The stock’s 50 day moving average price is $356.53 and its 200 day moving average price is $261.06. The company has a market capitalization of $4.04 billion, a PE ratio of 20.62 and a beta of 3.83. The company has a quick ratio of 3.86, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave has a 52-week low of $152.21 and a 52-week high of $458.25.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing the consensus estimate of $3.44 by ($2.95). The firm had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, research analysts anticipate that Dave will post 15.66 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in Dave by 92.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company’s stock worth $1,440,000 after acquiring an additional 3,971 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Dave by 372.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after acquiring an additional 4,604 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dave during the 1st quarter worth $1,835,000. Strs Ohio boosted its position in shares of Dave by 1,400.0% during the 4th quarter. Strs Ohio now owns 4,500 shares of the fintech company’s stock worth $996,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Dave during the 1st quarter worth $1,371,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Raised 2026 outlook: Dave projected revenue of $725 million to $735 million and adjusted diluted EPS of $17.00 to $17.50. Management cited growth from CashAI v6, higher ExtraCash limits and improving credit losses, although it plans to increase marketing spending in the second half. Dave raises 2026 guidance
• Positive Sentiment: Analysts raised price targets: Citizens JMP increased its target to $475 and kept a market outperform rating; Keefe, Bruyette & Woods raised its target to $490 with an outperform rating; and B. Riley lifted its target to $449 with a buy rating. The revisions signal continued confidence in Dave’s earnings and product growth. Citizens JMP forecast KBW price target
• Positive Sentiment: Growth strategy remains centered on CashAI: Earnings-call coverage highlighted stronger user monetization, larger ExtraCash advances and improving credit performance as key drivers of the higher outlook. CashAI-led growth
• Neutral Sentiment: Coverage of Q2 earnings is mixed: One report cited adjusted EPS of $4.12, above the $3.69 consensus, while the company’s reported earnings data showed $0.49 EPS versus a $3.44 estimate. Investors may therefore be focusing on the distinction between adjusted and reported results. Dave Q2 earnings
• Negative Sentiment: Valuation and volatility concerns: Barron’s described Dave’s dramatic rebound after a prior 1-for-32 reverse split as a cautionary example for investors amid renewed SPAC activity. The stock’s elevated valuation and history of extreme volatility may be prompting profit-taking despite bullish targets. SPAC cautionary tale

Dave Company Profile

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.